IndigoLearn

Forums

Query on MLP (AS 19)

For the lease to be classified as finance lease one of the conditions requires that: at the Inception of the lease, the present value of the minimum lease payments must be substantially equal to the fair value of the leased Asset My question is that is this MLP from "the standpoint of the lessee" or "the standpoint of the lesser"?


Kumarjit Dey

Kumarjit Dey

CA Inter

4K+

06-Nov-20 10:29

17

Answers (2)

Best Answer

Each one does independently.


Suraj Lakhotia

Suraj Lakhotia

Admin

06-Nov-20 12:36

Each one does independently.

Understood. Thank you


Kumarjit Dey

Kumarjit Dey

CA Inter

4K+

06-Nov-20 13:42

IL Pass percentages
Quote
Tally Free
Hiring
Refer
EMI
Lazypay
Past_Exams